13. The relationship between core competencies and competitive advantage is best

Question

13. The relationship between core competencies and competitive advantage is best described by which statement? A) Strengthening a company's competitive advantage strengthens its core competencies B) A company's core competencies become the nucleus of its competitive advantage. s a company's core competencies become stronger, its competitive advantage becomers weaker D) There is no relationship between core competencies and competitive advantage. 14. The key to entrepreneurial success over time is to build a competitive advantage A) defensible B) sustainable C) coherent D) random 15. Maria Sanchez is the owner of the Main Street Café and a new restaurant opens a few blocks away. From Maria's perspective, this new restaurant constitutes a(n): A) strength. B) weakness. C) threat. D) opportunity. 16. An_ competitor offers the same or similar products of services only in a small number of areas, and their target customers seldom overlap yours. A) indirect competitor B) direct C) parallel D) divergent 17. Small firms pursuing a cost-leadership strategy have an advantage in reaching customers whose primary purchase criterion is: A) quality B) constant innovation. C) price. D) customer service. 18. A company that offers superior product quality, extra customer service,and fast delivery times is pursuing A) cost-leadership strategy. B) differentiation strategy. C) concentration strategy D) strategic alliance. 19. 1) The process of determining whether an entrepreneur's idea is a viable foundation for creating a successful business is known as a: A) business plan. B) strategic analysis.

Explanation / Answer

14) b) sustainable competitive advantage because they are company assets.

15)c) Threat because it affect the main street cafe.

16)a) Indirect competitor because their target is to convert other customers into our customer.

17)c) Price:- price attract the customer towards the product.

18)b) Differentiation strategy.

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